Author: NBTC

The whale sold over 150k Injective (INJ) tokens worth over $3.29 million. According to Lookonchain, the whale acquired 2.44 million Lido DAO (LDO) worth over $3.05 million. INJ price dipped slightly while LDO rose A whale has sold a significant amount of Injective (INJ) and bought more Lido DAO (LDO) tokens. On Wednesday, Sept. 25, Lookonchain shared on-chain details that showed the whale dumped 150,428 INJ valued at $3.29 million. The whale swapped the INJ for 2.44 million LDO valued at more than $3.05 million. Per Lookonchain, the whale sold their INJ for LDO via crypto liquidity provider Cumberland. A…

Bitcoin climbed 3% on Thursday morning, rising past $58,000, driven by investor response to August’s Consumer Price Index (CPI) report. The headline CPI slowed to a 2.5% annual increase, slightly below the expected 2.6%, marking its lowest level since February 2021. However, core inflation, which excludes food and energy, rose 0.3% on a monthly basis, surpassing forecasts of 0.2% and maintaining an elevated year-over-year rate of 3.2%, well above the Federal Reserve’s 2% target. Ethereum (ETH), the second-largest cryptocurrency by market cap, also saw gains, albeit a more modest 1.3% increase to $2,360, according to CoinGecko data. Ethereum competitor Sui,…

Uniswap liquidity providers have earned $3.7 billion in trading fees, showcasing the platform’s thriving decentralized finance ecosystem. Uniswap’s expansion across multiple chains has significantly boosted its active user base and trading activity, particularly on Base. Uniswap continues to prove its dominance in the decentralized finance (DeFi) market by significant financial milestones. Token Terminal statistics show that platform liquidity providers have earned $3.7 billion in trading fees overall, ample evidence of the platform’s vibrant activity. Layer 1 and Layer 2 networks have paid $2.7 billion in gas fees. This emphasizes the increasing desire for distributed trading in spite of somewhat expensive…

Peter Brandt, a renowned trader with five decades of experience, has confirmed a bullish trend reversal for Ethereum, noting that its chart is now among the most interesting. Today, Ethereum posted an approximate 5% gain, rallying to $2,765, its highest point in October. Amid this turnaround, Brandt shared an analysis suggesting that Ethereum’s ongoing uptrend might be here to stay after the asset underperformed Bitcoin in recent weeks. Ethereum Bull Run Confirmed with Inverted Head and Shoulders Bottom Taking to X early today, Brandt highlighted a developing Inverted Head and Shoulders (H&S) pattern on Ethereum’s daily chart. The chart shows…

Celo’s transition to Ethereum L2 marks a significant network enhancement. Major stablecoins like USDC and USDT have expanded their presence on Celo in 2024. CELO, the native utility token of the Celo platform, surged around 25% to $0.68 after Vitalik Buterin, the Ethereum co-founder, praised the project’s recent achievement in terms of daily active stablecoin addresses, data from CoinMarketCap shows. According to a new report from Artemis, a data science layer for blockchains, Celo’s stablecoin usage has recently seen remarkable growth driven by factors such as increased app adoption, growing stablecoin supply, and strong demand in regions like Africa. @Celo…

Yesterday, on the CNBC website, an article was published in which the hypothesis is ventured that the price of Bitcoin could reach six figures regardless of who wins the US presidential elections in November. The hypothesis indeed imagines that after the U.S. presidential elections, a new bullrun could start, capable of bringing the price of Bitcoin above $100,000. The article from CNBC: Bitcoin price skyrockets thanks to the USA elections The bullish hypothesis on the price of Bitcoin Other confirmations The exaggerated fears The post-elections The article from CNBC: Bitcoin price skyrockets thanks to the USA elections The article, published…

Ethereum Co-Founder Vitalik Buterin Unveils Future Vision at 10th Global Blockchain Summit. Ethereum Co-Founder Vitalik Buterin Unveils Future Vision at 10th Global Blockchain Summit October 17, 2024 – Shanghai, China — The highly anticipated 10th Global Blockchain Summit, hosted by Wanxiang Blockchain Labs, kicks off with a keynote address from Ethereum co-founder Vitalik Buterin. Reflecting on Ethereum’s evolution since its inception, Buterin shared insights into the platform’s progress and laid out an ambitious roadmap for its future. One of the key takeaways from his speech was Ethereum’s goal to exceed 100,000 transactions per second (TPS) using Layer 2 (L2) technology…

Celo recently overtook Tron in the number of active addresses used by stablecoins, according to Artemis data. The surge in activity is attributed to the growing popularity of apps like MiniPay and Valora, which have gained significant traction in Africa. Vitalik BUTERIN, co-founder of Ethereum, celebrated the milestone by emphasizing that improving global access to payments and financial services aligns with Ethereum’s broader mission to make the world a better place. Celo’s growing presence also aligns with its intention to become an Ethereum Layer 2 (L2) blockchain, as detailed in a recent whitepaper. Artemis also reported that the Celo network…

The difficulty of mining Bitcoin (BTC) has surged to unprecedented levels, intensifying competition among publicly listed cryptocurrency miners from Wall Street and putting pressure on their profit margins. Despite the “miners go BRRR” (reference to a popular money-printing meme) at full speed, it’s insufficient to keep up with the increase in network complexity. According to data from crypto-mining tracker CoinWarz, mining difficulty increased by 3.5% on Wednesday, reaching a new record high. This metric, which reflects the computational power required to mine new Bitcoin, has been steadily climbing and is often seen as an indicator of future price movements. The…

Four significant benchmarks that Ethereum hopes to hit in the upcoming years were outlined by Vitalik Buterin in his Shanghai speech. Ethereum’s future and its position as the top smart contract platform are expected to be shaped by these significant achievements. More scalable network The first objective is over 100,000 transactions per second via layer-2 solutions. By handling a great number of transactions, this would greatly improve Ethereum’s scalability and make it much more effective for decentralized applications (dApps). To do this, L2 technologies like rollups are essential, and as they continue to advance, Ethereum may reach a new level…